CLZ 0.00% 0.1¢ classic minerals ltd

NF no matter what YOU think of management, in the market (share...

  1. 1,945 Posts.
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    NF no matter what YOU think of management, in the market (share market, finance market, broking market) place they don't have any credibility. They can say as much as they like about how hard they worked, how they kept company going etc but they lost credibility in that first 12 months of floating when they burned through $5m with a lot going to related parties. Then it just got worse from there. They had their chance when they raised $1.6m from Equity Underwriters from Sydney at 6c but blew that one. After that no Broker or credit provider would touch them. The only deals they do are with people or companies with the same reputations as them. The behavior at AGM's has been intimidating, deceptive, disrespectful and dishonest of other shareholders. To change sentiment they would need to change management and Board to credible experienced operators who have access to capital and have support in the markets and financiers will back them based on past record and relationships.
    Simple really just one big stumbling block -EGO and CONTROL.
 
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